UAE - Taweelah Aluminium Extrusion Company (Talex), a joint venture between General Holding Corporation (Senaat) and Gulf Extrusions, has set up an aluminium extrusion plant in Khalifa Industrial Zone Abu Dhabi (Kizad).

Inaugurated by Sheikh Sultan bin Tahnoon Al Nahyan, Member of the Executive Council, the new company is the result of a $240 million (Dh881 million) investment to strengthen the Middle East's downstream capabilities to spur industrial growth and broaden the emirate's economic base, with growing demand for aluminium and its proprietary hard alloys in the global construction, automotive, locomotive and aerospace industries.

Spread over 200,000 square metres, Talex has an estimated production capacity of 50,000 tonnes per annum of aluminium profiles and 45,000 tonnes of aluminium billets for regional and international markets.

Ali Murshed Al Marar, chairman of Talex, said worldwide demand for aluminium products is growing, which makes for an exciting future for this business.

Jamal Salem Al Dhaheri, CEO, Senaat, said against the backdrop of strong global market growth, Talex has investment plans for the Australian market and is also continuously developing its market share in North America, Europe, India and the Middle East.

Majid Saif Al Ghurair, vice-chairman of Talex, said the company's main scope is the automotive, transportation, architecture and construction industries.

 

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